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EGLD

EGLD Road Map🗺️!!! situation+next targets.Hi. COINEX:EGLDUSDT ✅Today, I want to analyze EGLD for you in a Weekly time frame so that we can have a MID-term view of EGLD regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). EGLD has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to $195 . The expected movement is measured as the price movement (AB=CD). ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
EGLD/USDT bullish journey what next? 🚀EGLD Analysis💎 Paradisers, keep your eyes on #EGLDUSDT as it's creating a stir in the market! With its sights set on a formidable resistance, we're on the cusp of a potential bullish surge. 💎 As we chart #EGLD's path, it has been moving through a descending channel but is now poised to rebound at $0.6212, ready to challenge that key resistance again. A successful breach could ignite a rally, pushing CRYPTOCAP:EGLD towards the resistance target of $.7699. 💎 Experienced #EGLD traders are familiar with the market's unpredictability. If our breakout attempt falls short, pivoting to a bullish recovery strategy from the support level at $0.5687 is essential to stay prepared for what's next. 💎 Should #EGLD drop below this crucial point, a strategic overhaul may be in order. Such an event would necessitate a reevaluation of our bullish outlook, calling for an updated approach to align with the evolving market dynamics.
Long
by MyCryptoParadise_Simon
6
EGLD buy setupA good bullish structure can be seen in EGLD. According to the BOS we have on the chart, it is expected that the demand range is a good range to take buy/long positions. The targets are listed on the chart. Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Long
by iMoneyTeam
EGLD/USDT Perfect bounce from the crucial area. Ready for upward💎 EGLD's market presence has recently captured significant attention. Following a robust bounce from the demand area, accompanied by the closure of the daily candle marked by a strong green signal, EGLD is currently positioned for potential upward movement. This development aligns with the trajectory towards our target within the bearish OB area, suggesting a bullish inclination. 💎 However, should EGLD struggle to maintain its upward momentum and regress back to the demand zone, it becomes imperative for it to hold and bounce back from this level. Failure to do so, signified by a breakdown of this area, could critically disrupt the bullish trend. 💎 In such a scenario where EGLD fails to uphold the demand area, the likelihood of a downward movement increases, potentially leading EGLD towards the support area. This shift would mark a significant transition from bullish to bearish tendencies, demanding careful market analysis and strategy adjustment.
by MyCryptoParadise_Nathan
2
EGLD/USDT Bracing Bullish Shift from Support?👀 EGLD Analysis💎 Paradisers, focus on #EGLDUSDT, as it's showcasing a pattern that strongly suggests a bullish surge from its support level. 💎 #MultiversX is currently flirting with its resistance level, teetering on the edge of a breakout. It's nudging the short-term 0.618 Fibonacci retracement near $55.45 but has recently faced a setback at this fib level. 💎There's a chance CRYPTOCAP:EGLD might not sustain the initial momentum needed for a breakout. If so, we could see a downward consolidation before another crucial retest at our current support of $51.58. Once this level is firmly retested, we anticipate a significant upward movement.
Long
by MyCryptoParadise
1
EGLD/USDT Primed for Bullish Turnaround from Key Support? 👀🚀💎 Paradisers, #EGLDUSDT as it unfolds a significant pattern, nestled at a crucial support level, and hinting at a potential bullish upswing. 💎 Observing #Multiversx's recent activity, we've noted a trend of breaking to new lows, suggesting a prevailing bearish sentiment. However, a notable aspect is the potential for a bullish reversal from the critical support of $39.48. Achieving stability at this level could catalyze a strong ascent to counter the overhead supply. 💎 As savvy traders, we're equipped for a range of scenarios. Should #EGLD fail to materialize the expected bullish reversal, we might see a rebound from a secondary demand level at $34.97. A breach below this threshold, however, could signify a significant shift to bearish momentum.
Long
by MyCryptoParadise
EGLD/USDT The retest is valid. Ready for Continue Upward Move ??💎 EGLD has recently exhibited remarkable market dynamics. Following a strong bounce signaled by a bullish green candle, EGLD encountered resistance at the $60 level, leading to a rejection. 💎 However, EGLD appears poised for another attempt at breaking through this resistance. A successful breach of the $60 barrier could facilitate a smoother upward trajectory, The probability propelling EGLD toward the targeted Bearish OB area. 💎 On the flip side, should EGLD struggle to surpass the $60 resistance and face another rejection, there's a likelihood of retracing back to the demand zone. Moreover, a prolonged consolidation in this demand area could weaken its support, raising the risk of a breakdown. 💎 Such a scenario would indicate a significant shift in trend, potentially leading EGLD into a bearish phase. If EGLD were to fall through the demand zone, it could descend towards the $38 support level. A breach below this support might exacerbate the downward movement, causing EGLD to explore even lower levels in the market.
by MyCryptoParadise
#EGLD/USDT 1h (ByBit) Broadening wedge breakoutMultiversX (f.k.a. Elrond eGold) just regained 50MA support and seems about to leg up towards 200MA resistance. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Long) Leverage: Isolated (5.0X) Amount: 5.4% Current Price: 54.03 Entry Zone: 53.68 - 51.92 Take-Profit Targets: 1) 57.48 1) 61.00 1) 64.52 Stop Targets: 1) 48.89 Published By: @Zblaba SEED_WANDERIN_JIMZIP900:EGLD BYBIT:EGLDUSDT.P #MultiversX #Elrond #eGold multiversx.com Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +44.3% | +77.7% | +111.0% Possible Loss= -37.0% Estimated Gaintime= 2-6 days
Long
by TradingOn
EGLD/USDT upward momentum from support? 👀🚀EGLD Analysis💎 Paradisers, turn your attention to #EGLDUSDT, as it's currently exhibiting trends that suggest a bullish transition from its current support zone. 💎 In light of recent market fluctuations, #EGLD has been on a decline. However, if it manages to sustain momentum at the support level of $46.94, there is a promising opportunity for a bullish advance towards the significant resistance level at $75.32. 💎 The dynamic nature of the cryptocurrency market demands a strategy that is both adaptable and responsive. Should #EGLD face challenges in holding above the $46.94 support level, it might be time to recalibrate our strategy. 💎 In this event, our focus would shift to a potential bullish rise from a lower demand level at $42.61. Monitoring this level is vital, as a breach below could signal the necessity for a strategic realignment, potentially pointing to challenges in maintaining a bullish trend in the #EGLD market. 🌴💰
Long
by MyCryptoParadise_Simon
EGLD/US Achieving a breakout a key resistance area. Bull Moment?💎 EGLD has become a standout in the market, recently achieving a breakthrough past a key resistance area. In the Lower Time Frame (LTF), the chart indicates a valid breakout and EGLD is now entering a crucial retesting phase. This phase could pave the way for a substantial upward movement, with our next target being the bearish OB area. 💎 During this retesting phase, it's essential for EGLD to demonstrate a strong bounce from the current support area, which was previously a resistance zone. This bounce is necessary to mitigate the risk of a false breakout. 💎 Failure to rebound and a closure below the current level could signal a false breakout. Such a scenario would likely reverse EGLD's trajectory, potentially leading it to a downward trend towards the next lower target, the demand area.
by MyCryptoParadise